bullish, page-61

Thought this might be of interest....

Massive amounts of energy, likely cnx related announcement by late october...

Enjoy.

Eneabba Gas Limited ABN 69 107 385 884 ASX Announcement
24 September 2009

MAIDEN JORC COMPLIANT STATEMENT FOR ONE OF THE TEN SARGON TENEMENTS CONFIRMS COAL RESOURCE IN EXCESS OF 160 MILLION TONNES - SIGNIFICANT ENERGY POTENTIAL FOR WESTERN AUSTRALIA Australian energy company Eneabba Gas Limited (ASX: ENB) ("EGL") has now received the
first detailed resource statement from its coal tenements in the Perth Basin in Western
Australia (see the attached Map of Sargon Group Target Area), which confirm the presence of
a significant coal resource with considerable energy potential.

The attached Report from leading independent consultants Xenith Consulting Pty Ltd is the third in
the series. The first was 5 August 2009, which delineated the initial "sweet spot" in tenement E 70 /
2758. On 19 August 2009 the second Report covered the whole of the Sargon Tenements and
reported

"The large size of the overall Sargon group tenements when combined with the encouraging
exploration results from tenement E 70 / 2758 suggest that the Mid West area could host a number
of coal mineralisation targets suitable for Underground Coal Gasification ("UCG") technology." This third JORC Stage I report, now gives the overall report under the classified JORC compliant coal
resources which has the two elements, Indicated and Inferred :

Total Ytd Inferred Million Tonnes MJ /kg PJ insitu 128 16 2,036 PJ Total Ytd Indicated Million Tonnes MJ / kg PJ insitu 33 16 524 PJ TOTAL 161 2,561 PJ Due to the nature of coal, all data includes the total potential energy as PJ in this part of the Sargon
tenements. As indicated in the attached Xenith report, the Sargon coal has an average insitu energy
content of 16 MJ/Kg (arb), and an average ash content of 20% (arb) and appears consistent
throughout the tenement. As per the second paragraph, this initial area may well, as reported by
Xenith, be one of many such areas across the Sargon tenements.

Exploration within the Sargon target area for this year is due to be completed within a week or so and
as such the final data, including laboratory analysis and reports will take time to be completed. This
final JORC Resource report is likely to be available in late October 2009.

To place this JORC compliant resource in perspective the publicly announced details of the Gorgon
Project under the Barrow Island Act (WA) 2003 "State Agreement", reserves 2,000 PJ total, for the
Domgas market over the whole life of the Gorgon Project.




Insitu coal in various operations within Australia and overseas, suitable for UCG, have yielded a
potential range of recoverable energy of some 50.0% - 58.0 % plus.

Eneabba Gas Limited is the only Company in the Mid West of Western Australia that has capability
with all its regulatory approvals and project in place with the following infrastructure surrounding this
significant potential energy resource

Main Highway Brand Highway & Midlands Highway as our property boundaries Gas Dampier Bunbury Natural Gas Pipeline access as the Parmelia
pipeline runs through freehold land of ENB Rail 250 metres from our property boundary Power within 18 kms of the 132 kV line Port Geraldton port 65 kms, proposed Oakajee deep water port 85 kms
Eneabba Gas is focused on the development of the 168MW gas-fired Centauri 1 Power Station on
Company-owned land near Dongara in the Mid West of Western Australia. Eneabba Gas proposes to
market power from Centauri 1 to the fast growing Mid West region of Western Australia.

Mark Babidge
Managing Director [email protected]
Further information: David Tasker, PPR Tel: 0433 112 936


Website: www.eneabbagas.com.au

Competent Persons Statement** The information in this report relating to coal resources based on information compiled by Mr Troy Turner
who is a member of the Australasian Institute of Mining and Metallurgy, and is a full time employee of Xenith
Consulting Pty Ltd.

Mr Turner is a qualified geologist and has sufficient experience which is relevant to the style of mineralisation
and type of deposit under consideration and to the activity which he is undertaking, to qualify as Competent
Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves."

Mr Turner consents to the inclusion in the report of the matters based on the information, in the form and
context in which it appears.